In a blow to the climate movement, US power companies are ramping up their coal consumption due to surging natural gas prices.
US coal-fired generation is expected to surge by 22% in 2021, the US Energy Information Administration said Monday. That would mark the first annual increase in coal-fired electric power generation since 2014, the EIA said.Coal was long the main fuel source for the US power grid — even though its environmental footprint is the largest.In recent years, utilities ditched coal because of concerns about the climate crisis and due to the abundance of very cheap natural gas.
Home heating costs will rise sharply this winter, federal government forecastsYet this trend has reversed in recent months because natural gas prices have spiked, making coal more competitive. Read MoreThe EIA report said coal power generation is rising this year because of"significantly higher natural gas prices and relatively stable coal prices." The delivered cost of natural gas to US power plants has averaged $4.
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